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Question - Use the information provided to analyze the profitability of SDHS Co using the following ratios: return on assets
Sales $350,000
Gross profit 206,500
Net income 115,000
Interest expense 2,875
Average total assets 875,000
Average total shareholders' equity 500,000
Weighted-average common shares outstanding 25,000
Required - Determine the return on assets?
On January 1, Flimsy declared a 5% stock dividend on its common stock when the market value of the common stock was $15 per share. Stock dividends were distributed on January 31 to shareholders as of January 25.
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On June 30 of the current year, the assets and liabilities of Merak Berhad are as follows: What is the amount of owner equity as of July
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